AXA Investment Managers has just announced the launch of their second ETF in Europe with a new climate fund. The AXA IM ACT Climate Equity UCITS ETF is available for trade on the Deutsche Börse Xetra listing in U.S. dollars under ticker (ACLU) and euros as (ACLT). The fund plans to track companies from any market capitalization, allocating up to 25% of its assets into emerging markets with 10% available to Chinese A-shares on Stock Connect.
ETF Newz Says:
The fund looks to directly promote the United Nation’s Sustainable Development Goals.